Power Solutions International appoints Kenneth Li as CFO effective Aug 29, 2022

POWER SOLUTIONS INTERNATIONAL, INC.

Kenneth Li appointed CFO; succeeds Matthew Thomas who will return to corporate controller.
Li previously CFO at ND Paper; earlier finance roles at Caterpillar and Ford.
Employment terms: base salary $360k, sign-on bonus $20k, KPI target 50% of salary, LTI target 60%, SARs award of 30,000 shares.
Severance: 6 months if terminated without cause within 48 months, 12 months after.
Non-compete and non-solicitation covenants for one year post-employment.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Matthew Thomas

corporate controller

PSIX · POWER SOLUTIONS INTERNATIONAL, INC.

Filed: August 29, 2022, 7:59 PM ET

Mr. Thomas will resume his role as corporate controller.

Appointed

Xun (Kenneth) Li

chief financial officer

PSIX · POWER SOLUTIONS INTERNATIONAL, INC.

Effective: 2022-08-29
Filed: August 29, 2022, 7:59 PM ET

On August 26, 2022, the Board of Directors appointed Xun (Kenneth) Li as chief financial officer of Power Solutions International, Inc. (“the Company”), effective August 29, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Thomas changed role as corporate controller at POWER SOLUTIONS INTERNATIONAL, INC..

Action: resumed
Role: corporate controller

Exact text from the filing

Mr. Thomas will resume his role as corporate controller.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Xun (Kenneth) Li was appointed as chief financial officer at POWER SOLUTIONS INTERNATIONAL, INC..

Action: appointed
Role: chief financial officer

Exact text from the filing

On August 26, 2022, the Board of Directors appointed Xun (Kenneth) Li as chief financial officer of Power Solutions International, Inc. (“the Company”), effective August 29, 2022

View on SEC.gov

POWER SOLUTIONS INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-231912

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